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Cardinal Health (CAH) Surges: Stock Moves 6.8% Higher

Zacks Equity Research

Cardinal Health, Inc. CAH was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 10.9% in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter fiscal 2019 (ended Dec 31, 2018) results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cardinal Health currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Cardinal Health, Inc. Price

Cardinal Health, Inc. Price | Cardinal Health, Inc. Quote

Investors interested in the Medical - Dental Supplies industry may consider CONMED Corporation CNMD, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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